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Park Road, London NW4

London

£575,000
Listed on 29/05/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1054 sqft

Description

This three-bedroom end-of-terrace property presents a promising opportunity for renovation and investment in the sought-after area of Hendon. The home features two spacious reception rooms, providing a versatile layout that can easily adapt to modern living needs. The separate kitchen offers a blank canvas for potential updates, allowing for customization that can enhance both functionality and style. Located just a short distance from Brent Cross Shopping Centre, residents will appreciate the ease of access to a variety of retail and dining options. Public transport is also conveniently nearby, with both Hendon Central underground station (serving the Northern Line) and Hendon Thameslink station within easy reach, making commuting straightforward. With potential for extension subject to planning permission (STPP), this property offers significant scope to increase its value over time. Whether you’re looking to create your dream family home or seeking an investment opportunity in an area with strong rental demand, this property is well-positioned to meet those needs while providing a solid foundation for future development. As a freehold property in Council Tax Band E, it presents an attractive option for those looking to secure a long-term asset in an increasingly desirable location.

Investment Analysis

(NW4 area)

Below Market Value

This property is priced -4.9% below area average per sq ft

-4.9%
Potential saving
This Property
£546/sq ft
Area Average
£573/sq ft
Avg Rent (weekly)
£444
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£664,742
10% above area average per sq ft
Potential ROI
+8.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NW4)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -17.1%
5 year growth: 3.2%
Investment Disclaimer: Analysis based on NW4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Park Road, London NW4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,106
Based on a loan of £431,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE